Economists suggest that while the rate of growth may moderate compared to the previous year, factors such as limited housing supply and strong population growth will continue to drive prices upward. This trend underscores the importance for prospective buyers to carefully assess their financial readiness and explore various financing options to navigate the competitive market.

For existing homeowners, the anticipated price increases may present opportunities to build equity. However, it's crucial to remain vigilant about market conditions and consider the potential impacts of interest rate changes on mortgage repayments.

Author: Paige Estritori
Published: Tuesday 24th March, 2026

Please Note: If this information affects you or is relevant to your circumstances, seek advice from a licensed professional.

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